RR de Acuna & Asociados expects home prices in Madrid, Barcelona and other major Spanish cities to fall a further 30pc in a relentless slide until 2018, but it may be even worse in sunbelt regions where thousands of Irish people either live or own homes.
Fresh losses could reach 50pc and drag on for 10 to 15 years in those places where construction ran wild during the bubble, bringing the total decline from peak to trough towards 75pc...............................................Full Article: Source